Canada launched a fund on Thursday to invest in community-based projects to curb emissions, with bulk of the money coming from a fine that Volkswagen AG paid for breaking the country's diesel emissions rules. The C$206 million ($157 million) fund is part of the government's new Climate Action and Awareness Fund which seeks to boost climate science research by empowering youth and communities. "The new Climate Action and Awareness Fund will create jobs for Canadians in science and t
EU consumers should be able to sue Volkswagen in their national courts if they have bought cars with emission cheat devices installed, the Court of Justice of the European Union ruled on Thursday. The verdict by the EU's top court raises the possibility that the German carmaker could face masses of legal complaints from consumers across the bloc. The case came to the EU court after an Austrian court handling a claim by the Austrian consumer association VKI on behalf of 574 owners of manipulate
As outrage over the Volkswagen emissions-cheating scandal fades, the refurbished diesel vehicles are trickling back into the marketplace, and bargain hunters may want to snap them up. In 2015, Volkswagen was forced to either buy back or fix some 590,000 diesels after it was discovered they had been rigged to pass emissions tests. The diesels, made by Volkswagen, Porsche and Audi between model years 2009 and 2016, have been repaired to truly meet emissions standards and are now being sold, most
German prosecutors said Tuesday they have charged Volkswagen's current chief executive and chairman as well as its former CEO with market manipulation in connection with the diesel emissions scandal that erupted in 2015. CEO Herbert Diess, Chairman Hans Dieter Poetsch, and former chief Martin Winterkorn are accused of deliberately informing markets too late about the huge costs to the company that would result from the scandal, prosecutors in the city of Braunschweig said. The charges, which V
And shows a new logo, too.